If the FCC won't let Title II be, cable and telecommunication services stocks stand to gain, a lot. Fundstrat's Thomas Lee said that AT&T (T) and Verizon (VZ), for example, could surge as much as 40% in the next 12 months, and still look cheaper than electric utilities. Vanguard Telecommunication Services (VOX) rose 2.6%, ranking among the best performing exchange-traded funds on Thursday.